Monday, September 24, 2012

System Source buys Hunt Valley HQ for $7M - Baltimore Business Journal:

stages-paddocks.blogspot.com
The company went to its landlord, Chicago-baser (NYSE: FR) earlier this year to ask for a new or to buythe building, System Source CEO Robert Roswelll said in an interview. First Industrial agreed to System Source, which runs technology training classes, now owns the 72,000 square feet of flex spacs at 330-338 Clubhouse Lane in the Hunt Valleybusines district. It leases about 20,000 square feet of the space to Chesapeake Manufacturinv and is looking for a tenant for a vacant Roswell said. System Source is the building’sz fourth owner since the companu moved into the space sevenyears ago, he Its first landlord was Columbia’s Rouse Co.
, whicu was later acquired by now-bankrupt Chicago firm GGP) in 2004. General Growth sold the building to Firstt Industrialin 2005. Real estate firm LLC, through Vice Presidenty David Paulson, negotiated the transaction. The sale closexd March 31, Roswell said.

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